Altshuler Shaham Ltd Acquires New Position in Mastercard Incorporated (NYSE:MA)

Altshuler Shaham Ltd acquired a new stake in Mastercard Incorporated (NYSE:MA) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 62 shares of the credit services provider’s stock, valued at approximately $26,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cypress Wealth Services LLC increased its position in shares of Mastercard by 2.9% during the fourth quarter. Cypress Wealth Services LLC now owns 864 shares of the credit services provider’s stock valued at $369,000 after buying an additional 24 shares during the period. Syntegra Private Wealth Group LLC increased its position in shares of Mastercard by 1.2% during the fourth quarter. Syntegra Private Wealth Group LLC now owns 1,996 shares of the credit services provider’s stock valued at $851,000 after buying an additional 24 shares during the period. TRUE Private Wealth Advisors increased its position in shares of Mastercard by 2.4% during the fourth quarter. TRUE Private Wealth Advisors now owns 1,037 shares of the credit services provider’s stock valued at $442,000 after buying an additional 24 shares during the period. Indiana Trust & Investment Management CO increased its position in shares of Mastercard by 4.4% during the fourth quarter. Indiana Trust & Investment Management CO now owns 598 shares of the credit services provider’s stock valued at $255,000 after buying an additional 25 shares during the period. Finally, Tufton Capital Management increased its position in shares of Mastercard by 4.5% in the fourth quarter. Tufton Capital Management now owns 604 shares of the credit services provider’s stock worth $258,000 after purchasing an additional 26 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Mastercard Trading Up 0.4 %

Shares of Mastercard stock traded up $1.92 during midday trading on Wednesday, reaching $454.98. 2,332,407 shares of the company’s stock traded hands, compared to its average volume of 2,469,699. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market cap of $424.45 billion, a PE ratio of 36.17, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08. The stock has a 50 day moving average of $468.64 and a 200-day moving average of $439.23. Mastercard Incorporated has a 12 month low of $357.85 and a 12 month high of $490.00.

Mastercard (NYSE:MA) last announced its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.80 earnings per share. As a group, equities analysts expect that Mastercard Incorporated will post 14.22 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Oppenheimer restated an “outperform” rating and issued a $510.00 price objective on shares of Mastercard in a research report on Thursday, February 1st. William Blair reaffirmed an “outperform” rating on shares of Mastercard in a research note on Wednesday, January 31st. Barclays cut their target price on Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a research note on Monday. The Goldman Sachs Group upped their target price on Mastercard from $433.00 to $482.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. Finally, Mizuho dropped their price objective on Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Two analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and a consensus price target of $496.27.

Insider Buying and Selling at Mastercard

In other Mastercard news, CEO Michael Miebach sold 7,851 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $475.92, for a total transaction of $3,736,447.92. Following the completion of the transaction, the chief executive officer now owns 47,640 shares of the company’s stock, valued at $22,672,828.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Mastercard news, CEO Michael Miebach sold 7,851 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $475.92, for a total transaction of $3,736,447.92. Following the completion of the transaction, the chief executive officer now owns 47,640 shares of the company’s stock, valued at $22,672,828.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 142,000 shares of Mastercard stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $442.14, for a total value of $62,783,880.00. Following the completion of the transaction, the insider now directly owns 96,377,308 shares of the company’s stock, valued at approximately $42,612,262,959.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 872,688 shares of company stock valued at $395,722,487. 0.13% of the stock is currently owned by company insiders.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.